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Accord cuts cost of buy-to-let deals

Accord Buy to Let has reduced rates on selected mortgage deals, while increasing the cashback available to landlords.

As a result of these cuts, landlords looking to refinance their buy-to-let portfolio can now get a two-year fix at 1.82 per cent (at 65 per cent LTV). Previously this was priced at 1.94 per cent.

This deal comes with the same £1,495 fee, and a free standard valuation. Landlords now though have a choice of either £750 cashback on completion, or free legal fees and £250 cashback.

The intermediary-only lender, which is part of the Yorkshire Building Society, is also offering the same cashback options on its two-year fix at 1.74 per cent. This deal is available to landlords remortgaging at 60 per cent LTV.

Accord has also reduced the cost of its fee-free remortgage deals. These are available as two-, three- or five-year fixes.

These include a five-year fix at 2.93 per cent (again at 65 per cent LTV). This was previously priced at 2.99 per cent. This deal offers free standard valuation and legal fees.

Accord has also reduced the cost of selected purchase deals. Its two-year fixes will now start from 1.74 per cent, at 60 per cent LTV.

Accord Buy to Let’s commercial manager Chris Maggs says: “We recognise that landlords have different needs so have varied the competitive rate offerings, additional features and range of mortgage fees for landlords.”

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